The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.

The Outreach & Education function engages, empowers and educates the public in the Second District. Our outreach mission furthers the Bank’s commitment to the region by listening to the communities we serve and developing programs, analysis and sponsored conferences and clinics to help meet their needs. Our education mission aims to advance public knowledge about the Federal Reserve System and its role in the economy.

Federal Reserve to Conduct Three Auctions of 28-day Credit Through its Term Auction Facility in June

May 29, 2008

Circular No. 11957

The Federal Reserve will conduct three auctions of 28-day credit through its Term Auction Facility (TAF) in June. It will offer $75 billion in an auction to be held on Monday, June 2, settling on Thursday, June 5, and maturing on Thursday, July 3; $75 billion in an auction to be held on Monday, June 16, settling on Thursday, June 19, and maturing on Thursday, July 17; and $75 billion in an auction to be held on Monday, June 30, settling on Thursday, July 3, and maturing on Thursday, July 31.